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At 8:15 am ET Friday, Canada mortgage and housing Corp. is set to release Canada housing starts for January. Ahead of the data, the loonie traded mixed against its major rivals. While the loonie rose against the greenback, it held steady against the yen, the aussie and the euro. The loonie was worth 82.52 against…

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After the release of Canada housing starts for January at 8:15 am ET Friday, the loonie changed little against its major rivals. The loonie was trading at 82.48 against the yen, 0.9437 against the aussie, 1.3310 against the greenback and 1.5099 against the euro around 8:17 am ET. Statistics Canada will release Canada jobs data…

Wave counting analysis: On February 8, the GBP / USD pair lost about 5 bp. during the whole day. Despite such a small amplitude, the pair remains within the framework of building the proposed first wave of a new descending trend segment. Moreover, the internal wave structure of this wave involves the construction of the…

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Large-scale graphics: Since March last year, the bullish wave has been developing, setting the dominant direction to the price trend of the yen major. By the end of the year, the formation of the first 2 parts (A + B) was completed. Medium scale graphics: From January 3, the main course of the short-term set…

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The euro remains under pressure for several reasons: 1. The forecast for growth in the eurozone was lowered – and as a result – the ECB’s super-soft policy 2. The question of the agreement Britain and the EU remains unresolved – and the period of the withdrawal of Britain – the end of March In…

Wave counting analysis: On Friday, February 8, the bidding ended with another 15 bp decrease. Thus, the option of reducing the instrument, at least to the level of 100% Fibonacci, remains in force. There is a need to look at the behavior of the market at about the level of 100.0%. It is possible that…

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The Reserve Bank of Australia February 2019 Statement on Monetary Policy has substantial cuts to the economic growth outlook This is probably a positive, i.e. that the Bank recognises it has been way too optimistic.

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